An empirical note on factor shares


Autoria(s): Zuleta Gonzalez, Hernando
Data(s)

2007

Resumo

In this study, we propose an explanation for why labor and capital shares do not seem to have a trend: an increasing trend in physical capital share is compensated by a decreasing trend in land share. Similarly, an increasing trend in human capital share is compensated by a decreasing trend in raw labor share. We also find empirical support for the claim that the elasticity of output with respect to reproducible factors, human and physical capital, is positively correlated with the income level. This result has important implications for economic growth theory and for empirical exercises related to economic growth

Formato

application/pdf

Identificador

http://repository.urosario.edu.co/handle/10336/10985

Idioma(s)

spa

Publicador

Facultad de Economía

Relação

1

https://ideas.repec.org/p/col/000092/004363.html

Direitos

info:eu-repo/semantics/openAccess

Fonte

instname:Universidad del Rosario

reponame:Repositorio Institucional EdocUR

instname:Universidad del Rosario

Palavras-Chave #Rentas #Trabajo calificado #Desempleo #331.11 #Factor Income Shares #Biased Innovations #Elasticity of output with respect to factors
Tipo

info:eu-repo/semantics/book

info:eu-repo/semantics/acceptedVersion